❌ Politicians banned from trading?

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TOP STORY
❌ Politicians banned from trading?

A group of senators has reached a deal to ban stock trading by members of Congress.

Voters believe lawmakers should ban stock trading for politicians with privileged information, but such bills have not been successful in the past.

Previous efforts to pass a stock trading ban through Congress have failed over the last few years.

But with the Senate’s support, the bill could actually get somewhere.

Here’s what this bill looks like (in bullets, of course):

• The deal would immediately prohibit Congress members from buying and selling stocks 90 days after the bill is signed into law.

• It would also ban member spouses and dependent children from trading stocks starting in March 2027.

• Penalties for violating the law would be either the monthly salary of a lawmaker or 10% of the value of each asset they buy or sell.

There is still a long way to go before this can be implemented, but I think most Americans believe it’s a pretty fair idea.

TECHNOLOGY
🤖 Xiaomi is launching a 24/7 robot factory

Xiaomi, one of China’s largest smartphone makers, is launching a 24/7 robot factory with zero live workers.

The Beijing-located “dark factory” will produce Xiaomi phones that will be entirely controlled by robots.

The machines can cooperate with one another, and self-developed intelligent machines can control the factory's production quality.

The factory will even be able to create a dust-free environment all by itself with micron-level dust removal.

It works, cooks, and cleans?!

Perhaps the wildest stat of this unveiling is that Xiaomi claims its futuristic production process can manufacture one smartphone unit every second.

Yes, 1 smartphone every second, nuts!

Some other key numbers:

• Xiaomi invested $330 million into the project.

• The factory will be 81,000 square meters.

• Annual production capacity of 10 million flagship smartphones.

• The smartphone industry is expected to be worth nearly $1 trillion by 2030.

This factory is just the beginning for Xiaomi and could very well be the future of smartphone manufacturing.

ENTERTAINMENT
🇬🇧 London cinema cancels AI film screening

“The Last Screenwriter” is considered the “first feature film written entirely by AI.”

The mission of this historic film is to hopefully open people’s eyes to the potential of AI in film, both good and bad.

So, the film’s team went to find a theatre that could display their creation to the world.

When approached, Prince Charles Theatre was told the film “was an experiment in filmmaking” by someone hoping actually to speak about both the positive and negative effects AI can have on the creative world.

The film itself follows a celebrated screenwriter called Jack, who finds his world shaken when he encounters a cutting-edge AI scriptwriting system.

Jack eventually realizes that AI matches his skills and surpasses his empathy and understanding of human emotion.

Sounds like it has potential, so why’d they scrap it?

Once word spread of the unique premiere and its controversial writer, ChatGPT, people began expressing their outrage, forcing the theater to eventually pull the movie.

The reaction isn’t so surprising, though; it wasn’t long ago when thousands of actors, writers, and other Hollywood personnel were protesting their own very real concerns about the use of AI in filmmaking.

And it seems that because no real changes have been made to ensure workers in the industry are protected from AI, people are still pissed.

Shocker.